PT IndoJapan Steel Center which was a joint venture between Nippon Steel Trading and PT Krakatau Steel (Persero) Tbk on Thursday, September 27th, 2012 held Ground Breaking Ceremony in Mitra Karawang Industrial Area, East Karawang, West Java.
Share ownership of each company was 80% for Nippon Steel Trading and 20% for PT Krakatau Steel (Persero) Tbk. The factory, which was planned to focus on the automotive industry market, was targeted to produce 120.000 ton per year.
Associated with this event, later in the afternoon, President Director of PT Krakatau Steel (Persero) Tbk, Irvan Kamal Hakim held a Press Conference in the conference room, 4th floor of Krakatau Steel Building with several national newspaper journalists. The enthusiastic reporters asked for information related to the PT IJSC Ground Breaking. It was expected that PT IJSC along with PT Krakatau Steel would play important role in bridging the interests of upstream steel industry in the country with automotive manufacturers.
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